2922 Maple Avenue

Los Angeles, CA 90011

$1,475,000
Price
2
Beds
2
Baths
4,412 Sq. Ft.
$334 / Sq. Ft.
4,412
Sq. Ft.
$334
per Sq. Ft.

Description

This presents the perfect opportunity to invest in a consistent 4-unit property, including 2 storefronts and 2 apartments, security gated custom rod iron, all generating steady cash flow with growth potential. Monthly Pro Forma Rent is $9,108 with a 5.34% Pro Forma Cap rate. Additionally, featuring 4 uncovered parking spaces and situated on a corner lot for Maple, this property offers convenience and accessibility. Located in a burgeoning area with USC and BMO Stadium nearby, the potential for growth...This presents the perfect opportunity to invest in a consistent 4-unit property, including 2 storefronts and 2 apartments, security gated custom rod iron, all generating steady cash flow with growth potential. Monthly Pro Forma Rent is $9,108 with a 5.34% Pro Forma Cap rate. Additionally, featuring 4 uncovered parking spaces and situated on a corner lot for Maple, this property offers convenience and accessibility. Located in a burgeoning area with USC and BMO Stadium nearby, the potential for growth is evident. Don't let this fantastic opportunity slip away from you.
  1. Listed by Dan Stueve • DRE #01936133 • Brokerage DRE #01342342 • Equity Union
  2. Listed by Robert Siegmeth • DRE #01105625 • Equity Union

Property Details for 2922 Maple Avenue

Zoning
LAR3
Cross Streets
East 30th Street
Parcel Number
5128007006
Total Units
4.0
Living Area
4412
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
0

Location

Listing Courtesy of Equity Union, Dan Stueve, DRE #01936133; Equity Union, Robert Siegmeth, DRE #01105625
Add your commute
LISTING UPDATED: 04/17/2024 12:01 AM

Property Details for 2922 Maple Avenue

StatusActive
MLS #24-368733
Days on Market22
Taxes$18,438 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1903
Lot Size0.11 AC / 4,806 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Dan Stueve, DRE #01936133; Equity Union, Robert Siegmeth, DRE #01105625
Add your commute

Building Information for 2922 Maple Avenue

Stories-Residences-Year Built1903Building Size-Lot Size0.11 AC / 4,806 SF

Payment Calculator

$9,586 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$1,537

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2922 Maple Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Mixed Use
  • View: Yes
  • View Description: City
  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector
  • Property Condition: Updated/Remodeled
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Water Heater Unit
  • Water District: Los Angeles DWP
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $103,800
  • Net Operating Income: $73,243.00
  • Gross Income: $103,800
  • Cap Rate: 4.97%
  • Gross Rent Multiplier: $14.00
  • Actual Annual Gross Rent: $103,800.00
  • Actual Gross Annual Income: $103,800
  • Gross Spendable Income: $103,800
  • Actual Rent Total: $103,800.00
  • Vacancy Allow Dollar: $5,464.00
  • Vacancy Allow Percent: 5.00%
  • Owner Pays: Electricity, Gas, Water
  • Total Annual Expense: 30558
  • Expense Maintenance Percent: $6.00
  • Expense Operating Percent: $30.00
Land / Lot Info
Land / Lot Info
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1103
  • Lot Size Square Feet: 4806
  • Lot Features: Rectangular Lot
  • Lot Description: Lot Shape-Rectangular, Lot-Level/Flat, Walk Street
  • Lot Location: Near Public Transit, Park Nearby, City, Corner Lot
Parking Details
Parking Details
  • Parking Garage: Driveway, Garage Is Detached, Garage - 3 Car, Driveway Gate
  • Total Parking: 7
  • Open Other Spaces Total: 4
  • Garage Spaces Total: 3
  • Parking Features: Driveway, Garage - Three Door
  • Attached Garage: No
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Living Room
  • Rooms: Living Room
  • Levels: Two
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Laminate
  • Equipment: Range/Oven, Cable, Garbage Disposal
  • Interior Features: Common Walls
  • Room Bathroom Features: Low Flow Toilet(s)
  • Bathroom Features: Low Flow Toilet(s)
  • Bedroom Features: All Bedrooms Up
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas, Oven, Range Hood
  • Laundry: Inside
  • TV Services: TV Satellite Dish, Cable TV
Exterior Features
Exterior Features
  • Roof: Flat
  • New Construction: No
  • Construction Materials: Stucco, Wood Siding
  • Exterior Construction: Stucco, Wood Siding
  • Other Structural Features: Historical
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 04-09-2024
  • Listing Terms: Cash To New Loan, Cash
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Cable TV
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $28,200.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,975.00
  • Unit Actual Rent: $1,975.00
  • Unit Projected Rent: $23,700.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107
  • Number of Disposal: 2
  • Number of Electric Meters: 4
  • Number of Gas Meters: 4
  • Number Range: 2
  • Number Wall AC: 3
  • Number Water Meters: 4
Tax and Assessed Info
Tax and Assessed Info
  • Tax Percent: 1.25%
  • Assessed Improvement Value: $262,588.00
  • Assessed Improvement Percent: 57.65
  • Assessed Land Value: $192,921.00
  • Assessed Land Percent: 42.35
  • Assessed Total Value: $455,509.00
  • Private Transfer Taxes: No

Property History for 2922 Maple Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2922 Maple Avenue

Taxable ValueLand$192,921Additions$262,588Total$455,509
Tax Record2023$6,125 ($510 / month)
Home Facts
Total Finished SqFt4,412 SqFtAbove Grade Finished SqFt4,412 SqFtStories1Lot Size4,804 SqFtStyleOffice BuildingYear Built1903ZoningLAR3CountyLOS ANGELESAPN5128-007-006

Schools near 2922 Maple Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Dolores Huerta Elementary School
PublicK to 5

John Adams Middle School
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2922 Maple Avenue is a multi-family home for sale in Los Angeles, CA 90011. This property was listed for sale on April 9, 2024 by Equity Union, it's currently listed at $1,475,000. It has been on the market for a total of 22 days and was last sold on November 23, 2004. This listing's school district is Los Angeles Unified School District. Nearby schools include Dolores Huerta Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 2922 Maple Avenue is a 2-bed, 2-bath, 4,412 sqft multi-family home built in 1903.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Dan Stueve, DRE #01936133; Equity Union, Robert Siegmeth, DRE #01105625

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.